Position: Audit Manager
Employment Type: Full-time
Location: Kampala, Uganda
Industry: Banking
Company: Absa Bank Uganda
Company Overview:
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future, and shape our destiny as a proudly African group.
My Career Development Portal:
Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools, and support to unlock your potential. You are Absa. You are possibility.
Job Summary:
To monitor the risk profile of the business and execute audit assignments in accordance with the Group Audit Plan and Internal Audit methodology, relevant policies, procedures, and quality standards.
Job Description:
Audit Delivery – Planning
- Develop and maintain relationships with business and actively monitor the risk profile of the business to inform audit planning, reporting, and audit delivery.
- Participate in the annual audit planning cycle, provide input by taking into account the risk and control profile, business strategy, and material risks affecting the business.
- Develop a detailed knowledge of the methodology by attending training sessions to ensure that approved audits are risk-focused.
- Support the Audit Lead in scoping audits where necessary.
Audit Delivery – Fieldwork
- Develop an in-depth knowledge of Absa and the various business areas and use this knowledge to execute on assurance responsibilities.
- Develop testing strategies for key controls within the business to adequately mitigate the risks.
- Perform audits and issue assurance within Key Performance timelines and resource budget.
- Execute Design Effectiveness Testing (DEA) and Operational Effectiveness Testing (OET) as directed by the Audit Lead and approved testing strategies and document testing results in the Audit Workflow system.
- Proactively take on additional tasks as delegated by the Senior Internal Audit Manager, the Chief Internal Auditor, Vice Principals, Principals, and Managing Principals.
- Develop and maintain relationships with accountable stakeholder management on each audit.
- Identify opportunities for using Data Analytics and enhanced automated auditing techniques.
- Update the Audit Lead and audit team with progress and observations.
Audit Delivery – Reporting
- Write concise, factual, and high-quality audit observations and support the Audit Lead in writing the audit report. The observations must be insightful, address the root causes, and have agreed actions that fully mitigate the risk.
- Discuss and agree the factual accuracy of audit observations with stakeholders/Audit Lead as appropriate.
Management & Leadership/Knowledge Management
- Improve technical knowledge through self-learning or training including mandatory CPE requirements.
- Knowledge sharing within IA colleagues and peers in the business.
- Display professional skepticism and apply a residual risk lens to potential audit issues with management and in final reporting.
- Continuous upskilling on both technical and other core competencies.
- Keeping up to date with industry trends, regulatory changes, and professional standards.
Risk and Control Responsibilities
- Understand and adhere to the appropriate Absa Policies and Standards applicable to the role.
- Understand and manage risks and risk events (incidents) in the role thereby contributing to the adherence to the Absa Risk and Control Framework.
- Complete all mandatory training as required.
Qualifications:
Essential:
- Significant auditing experience and/or working at a senior management level in the financial services sector with a proven track record.
- Exposure to managing teams to deliver against tight deadlines.
- Significant report writing and presentation experience.
- Exposure to consultation and facilitation.
- Educated to degree level and relevant professional qualification such as ACCA, CIA, CISA.
- Understands the control, regulatory, and risk issues in local and group jurisdiction or financial institutions.
- Displays familiarity and knowledge of relevant banks’ product/services/markets/policies.
- Demonstrates a thorough understanding of banking business and its key drivers.
- Computer literate (strong MS office skills – Excel, Word, and PowerPoint).
- Effective communication skills, both written and verbal.
- Extensive experience of developing and maintaining relationships with executive management.
- Proven ability to maintain strong peer relationships with senior executive management and ability to operate at the ExCo level while maintaining IA’s independence.
- Demonstrates strong oral and written communication in both English and the key language(s) spoken across the entity and within the relevant Regulatory bodies.
Preferred:
- Financial services industry knowledge.
- Audit software skills such as ACL, IDEA, or related tools.
- Specialist knowledge in a key high-risk area such as Credit Risk, Corporate and Investment Banking, Cyber Security, Information Technology, Risk, Finance, Treasury, Wealth Management.
- Knowledge in data analytics.
- Audit experience within a banking environment or External Audit firm.
- Experience in negotiation/influencing.
- Degree with at least 5 years of relevant work experience with a minimum of 2 years at middle management level.
- Member of the ICPAU.
Education:
- Bachelor’s Degrees and Advanced Diplomas in Business, Commerce, and Management Studies (Required)
Application Deadline: June 30, 2024
How to Apply:
Apply here: Absa Careers Site – Audit Manager
About Absa Bank Uganda:
- Industry: Banking
- Location: Kampala, Uganda
